Bloomberg’s senior commodity strategist Mike McGlone, Bitcoin’in He made striking evaluations by comparing the current market appearance with the past. McGlone, referring to his wrong forecast in 2018, said that Bitcoin may lose a zero at that time, but this estimate did not occur.
In his sharing under the title “Bitcoin 2018 vs. 2025”, McGlone, 2018 Crypto para He stressed that his technology and adoption are still in the early stages and today the situation is very different. “Crypto speculation is now similar to the internet balloon in 1999. The market value/GDP ratio of the US stock exchange is at the highest levels of the last century, Mc said McGLone.
Expressing that he was concerned about the deflationist influences, McGlone suggested that one of Bitcoin’s “famous returns” could lead to a harsh correction in the market.
He said that crypto currencies would be able to experience a collapse of the US Stock Exchange in 1925, Japan in 1989 and the internet balloon in 2000. In this case, deflationist effects may be in favor of gold and US Treasury bonds. He also said that the crypto market has followed a horizontal course for the last seven years, which shows the burden of unlimited supply, volatility and speculation for new technology.
*It is not an investment advice.
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Source: https://www.bitcoinsistemi.com/bloomberg-analisti-mike-mcglone-bitcoin-ve-kripto-paralar-hakkinda-uyardi/
